Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

v3.24.0.1
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II
(in millions)

Allowances for
Losses on Receivables
 Balance at
Beginning
of Year
Charges to
Profit and Loss 		Write-offs Recoveries Other

Balance at
End of Year
2023 $ 10.2  $ 3.2  $ (4.2) $ 1.4  $ 0.2  $ 10.8 
2022 9.7  2.0  (2.6) 0.3  0.8  10.2 
2021 10.7  0.4  (1.0) 0.1  (0.5) 9.7 


Deferred Tax Asset
Valuation Allowance
 Balance at
Beginning
of Year

Charges to
Profit and
Loss (A)
Write-offs Recoveries
Other (B)

Balance at
End of Year
2023 $ 52.8  $ 17.8  $ —  $ —  $ 0.7  $ 71.3 
2022 97.9  (10.4) —  —  (34.7) 52.8 
2021 93.4  (24.2) —  —  28.7  97.9 

(A) For the year ended December 31, 2023, the deferred tax asset valuation expense primarily relates to reassessments of certain federal tax credits, impairment of certain investments, and state tax credits and NOL's. For the year ended December 31, 2022, the deferred tax asset valuation benefit activity primarily relates to reassessments for state tax credits and NOL’s and certain federal losses. For the year ended December 31, 2021, the deferred tax asset valuation benefit activity primarily relates to reassessments for state tax credits and NOL’s and to certain federal tax credits.
(B) For the year ended December 31, 2023, the activity primarily relates to currency translation of foreign balances. For the year ended December 31, 2022, the activity primarily relates to final adjustments to the opening balances of foreign entities acquired during the fourth quarter of 2021. For the year ended December 31, 2021, the activity primarily relates to the opening balances of foreign entities acquired during the year.